MGM Resorts International (MGM)
NYSE: MGM · Real-Time Price · USD
37.80
-0.21 (-0.55%)
Nov 22, 2024, 4:00 PM EST - Market closed

MGM Resorts International Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for MGM stock have an average target of 53.69, with a low estimate of 44 and a high estimate of 63. The average target predicts an increase of 42.04% from the current stock price of 37.80.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $44 $53.69 $55 $63
Change +16.40% +42.04% +45.50% +66.67%

Analyst Ratings

The average analyst rating for MGM stock from 13 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 566655
Buy 777777
Hold 111111
Sell 000000
Strong Sell 000000
Total 131414141313

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
JMP Securities
JMP Securities
Buy
Maintains
$56$54
Buy Maintains $56$54 +42.86% Oct 31, 2024
Barclays
Barclays
Buy
Maintains
$54$50
Buy Maintains $54$50 +32.28% Oct 31, 2024
Mizuho
Mizuho
Buy
Maintains
$57$56
Buy Maintains $57$56 +48.15% Oct 31, 2024
Truist Securities
Truist Securities
Strong Buy
Maintains
$58$56
Strong Buy Maintains $58$56 +48.15% Oct 23, 2024
Morgan Stanley
Morgan Stanley
Hold
Maintains
$43$44
Hold Maintains $43$44 +16.40% Oct 22, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
17.38B
from 16.12B
Increased by 7.80%
Revenue Next Year
17.44B
from 17.38B
Increased by 0.35%
EPS This Year
2.55
from 3.19
Decreased by -20.18%
EPS Next Year
2.32
from 2.55
Decreased by -8.81%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
12.46B4.92B9.45B13.08B16.12B17.38B17.44B17.87B
Revenue Growth
9.92%-60.55%92.27%38.37%23.21%7.80%0.35%2.51%
EPS
3.88-2.022.413.493.192.552.322.89
EPS Growth
378.65%--44.81%-8.60%-20.18%-8.81%24.29%
Forward PE
-----14.8516.2813.10
No. Analysts -----212115
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 18.2B 18.4B 19.0B
Avg 17.4B 17.4B 17.9B
Low 16.7B 16.2B 16.8B

Revenue Growth

Revenue Growth 20242025202620272028
High
13.0%
5.9%
8.9%
Avg
7.8%
0.4%
2.5%
Low
3.4%
-6.6%
-3.8%

EPS Forecast

EPS 20242025202620272028
High 2.90 3.71 4.85
Avg 2.55 2.32 2.89
Low 2.28 1.42 1.90

EPS Growth

EPS Growth 20242025202620272028
High
-9.2%
45.8%
108.8%
Avg
-20.2%
-8.8%
24.3%
Low
-28.4%
-44.0%
-18.2%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.